Sandy Utah based Cariloha is raising $9,491,250.00 in New Equity Investment.
Sandy, UT – According to filings with the U.S. Securities and Exchange Commission, Cariloha is raising $9,491,250.00 in new funding. Sources indicate as part of senior management Chief Executive Officer, Jeff Pedersen played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.
About Cariloha
Cariloha joins the Style of the Caribbean with the Spirit of Aloha to provide the best in natural luxury. Since 2007, Cariloha has grown to become a globally recognized brand with a retail, wholesale and online presence specializing in bedding, clothing and bath goods made of comfortable, sustainable viscose from bamboo. By turning self-replenishing bamboo fields into luxuriously soft, earth-friendly bamboo-viscose fabrics, Cariloha offers an exclusive collection of bedding, apparel, activewear, bath goods, and more made from this soft, cool, clean, and green fabric. Inspired by the essence and energy of the islands, Cariloha blends style and self-expression into every piece of clothing and bedding it makes. Special care is taken to drape customers in soft, comfortable, sustainable bamboo-viscose fabrics that leave them experiencing tranquil days in paradise time and time again. Thanks to an ever-growing, rich supply of bamboo, Cariloha has an expansive fleet of retail showrooms in 17 countries offering its proprietary apparel, bedding and bath goods all enjoying the quality, soft touch, and green ‘footprint’ of this sustainable, renewable resource.
To learn more about Cariloha, visit http://www.cariloha.com/
Contact:
Jeff Pedersen, Chief Executive Officer
801-562-3001
jeff.pedersen@cariloha.com
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